How much extra would I keep?
Tell us your take-home pay and work costs. See what the job could add to your monthly budget.
Day 04 companion: What Happens to Your CPP, OAS and Taxes If You Work Past 65.
Working While Retired? Here’s What Happens to Your CPP & OAS
See how take-home pay, extra work costs and checked benefit changes affect what a job adds to your monthly budget.
By Canadians’ Finance. Examples are for learning; use your own checked numbers below.
A paycheque is just the start.
See what the job could add to your budget after the costs of working.
Not sure about benefits yet? You can still start.
Is working after 65 worth it for your budget?
A paycheque is only part of the answer. This Canadian calculator shows the monthly change after extra work costs and benefit changes you have checked. It can help you compare a part-time or full-time job using pay you can actually spend.
The calculation: take-home pay − extra work costs − checked benefit loss + other checked net changes.
Working after 65 questions
What pay amount should I enter?
Enter monthly pay after deductions, such as income tax and payroll contributions. If you only know your before-tax salary or hourly wage, get a checked take-home estimate first. This tool does not calculate your deductions.
Can I work while collecting CPP and OAS?
Working and receiving a pension can overlap. Paying into CPP while receiving it can add a post-retirement benefit. OAS and GIS have their own income rules. This tool does not work out these changes from your age or wages. Check the Government of Canada’s guide to working while receiving a pension and enter verified amounts.
Will a job reduce my GIS or cause an OAS clawback?
It can depend on annual income and your circumstances. GIS also depends on your family situation. OAS recovery tax is often called the OAS clawback. These are not calculated here. Use a checked monthly reduction for the same period as your pay and costs; leave the benefit choice at “I’m not sure” until you know.
Why does my result say “incomplete”?
If the benefit effect is unknown, the tool can only show a subtotal. For example, CAD $800 of take-home pay minus CAD $100 of work costs leaves CAD $700 before benefit changes. That is not a final improvement. If a CAD $150 monthly benefit loss is separately verified for the same month, the completed example becomes CAD $550.
What if my benefits change later than my job starts?
Run a separate comparison for each period. Benefit changes may reflect an earlier income year, so a later month can look different. Choose the month in Optional settings and enter amounts that apply to that month. A yearly total is only an illustration if all monthly amounts stay the same for 12 months.
Prepared by Canadians’ Finance · Explanation and linked government guidance reviewed October 5, 2026. This is a budget comparison for learning, not personal financial or tax advice.
How this works & official sources
Pay you can spend − extra work costs − checked benefit loss + other net changes = your monthly change. If the benefit effect is unknown, only the subtotal is shown and the final amount stays incomplete.
Use amounts for the same month. Benefit changes may start later than your job. The current month is selected to start; you can change it under Optional settings.
This tool does not work out income tax, CPP or QPP deductions, or GIS or OAS changes from your age or wages. Use checked amounts from payroll, benefit notices, Service Canada or a qualified tax professional. A before-tax pension amount or savings balance is not monthly money you can spend.
Rules checked: . No tax rates or benefit thresholds are used here.
- CPP post-retirement benefit ↗
Working and paying into CPP while receiving it can add to your pension.
- CPP contributions ↗
CPP deductions depend on your situation. This tool does not work them out. Quebec has the QPP.
- OAS eligibility ↗
You can work and still qualify for OAS. Income can affect the amount you keep.
- OAS recovery tax ↗
Higher annual income can lead to OAS being repaid. Monthly deductions can start in a later period.
- GIS income and payment rules ↗
GIS depends on income and your family situation. Prior-year income is used in setting payments.
- When a CPP post-retirement benefit starts ↗
A new benefit takes effect the year after the contributions. The first payment can arrive later.
For learning, not personal financial advice. Your result depends on the amounts you enter. It is not a tax return, benefit decision or promise of income. Check before making a decision. Terms & disclaimer.